Will Your Retirement Keep Up With Inflation? - Jim Sloan #5302
Summary: Inflation is affecting many areas of the economy, so how do you ensure that it doesn\u2019t affect your retirement plan? I interview Jim Sloan to discuss this topic so that you can live life your terms in these inflationary circumstances. It\u2019s important to educate yourself on this topic and know the facts, and look into valuable retirement plans that will benefit you in the long run. Tune in to hear more from myself and Sloan on this topic. Highlights: -Will your retirement keep up with inflation? Even with a decent return, you may face problems -How do you live life on your terms in inflationary circumstances? It\u2019s important to become informed and make financial decisions based on logic and actual facts -Many peoples\u2019 incomes are not keeping up with inflationary factors -Inflation will probably remain around 5% in most advanced economies -We are having increased inflation, but people should not necessarily worry about hyper-inflation -Old models cannot be used anymore -Fixed annuities and index annuities are worth looking at -Not many people want to plan their income based on a life insurance policy -Almost every insurance policy is not designed or funded correctly -Index annuity gives client the greater potential to earn the 5% -This year, social security benefits are going up -A lot of people don\u2019t know the optimal age to take social security, and this is the most important component of social security Useful Links: Financial Survival Network Jim Sloan